insurance company grade

What Does An A+ Mean?

We all remember our school days of worrying about the grades we would receive. What does it mean when an insurance company gets graded? Insurance companies are rated with a letter grade to indicate their ability to meet their continuing obligations. An A+ rating means that they are considered superior. You will usually also see that they are a leading provider of retirement solutions: Fixed and variable annuities Life insurance for individuals Those are the carriers you can count on, just like you can count on us. Contact us, we’re always here to help.

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Enough

How Much is Really Enough to Retire?

How much would you consider to be “enough money to retire?” Yes, you want to have enough money to ensure that you don’t go broke, and can afford basic expenses like food, housing, and medical care, but is that really “enough?” What goals do you want to reach in retirement, and what kind of budget will you need to reach them? If you’d like some ideas on how to obtain a source of income you can’t outlive, which may help you reach your goals, reach out to us. We’re always here to help. 

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Roth IRA

Converting your IRA

With the downturn in the market these past few months, there is increasing talk about the pros and cons of converting an existing diminished IRA account into a Roth IRA.  Both types of IRAs are designed to help you save for retirement while providing a tax advantage, but they do so in different ways. We thought it might help you to understand the difference. With a traditional IRA, you pay the tax due when you withdraw the funds, and with a Roth IRA, you pay the tax due on the funds you contribute. This way, the withdrawal amount later on

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saver

What Every Saver Needs to Know

This week’s article focuses on the fact that while “everyone’s retirement is different, 2022 is going to have some big differences from 2021 that will affect almost every retiree and retirement saver to some degree.” The article explains the specifics of what those differences are, including: Higher social security payouts Higher standard deductions for your federal income taxes A rise in Medicare premiums Changes to social security payroll taxes and estate exclusions Changes to retirement plan distributions and contributions Contact us if you’re a retiree or retirement saver who thinks these changes will have you rethinking your retirement strategies: (949)

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risks

Biggest Risks To your Retirement

What can be done to reduce those risks? You’ve been saving for years and have finally retired. There are so many world events going on, both domestically and abroad, that the only constant now seems to be change. The news is full of commentaries about market declines and inflation but we can provide you with the facts. We could help you understand how to manage your risks in retirement. Sometimes, it is as simple as sticking with quality financial products that have proven track records and assurance that you can count on. Give us a call to discuss your retirement

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Shy away

Don’t Shy Away

A recent study found that “33 percent of people don’t think they would qualify for life insurance.” We hope you aren’t shying away from discussing the topic of life insurance because you think the same way! Purchasing this type of insurance is a big deal, but most likely necessary to make sure your family has the funds to cover their immediate and long term needs if something happens to you. We can help you determine if you’re eligible for life insurance, and educate you on the different types that exist. Reach out to us!  Learn more by reading this article

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Tax Refund

Tax Refunds

We are well into tax season, which means more and more individuals are beginning to think about their tax refunds and what they can do with them. The solution relates to how healthy the individual’s cash flow is. If you like the feeling of getting a “windfall” in the form of a tax refund, you might want to consider using that money to help plan for your retirement. New retirement savings options pop up all the time so it is a good idea to reach out and see what is being offered right now. If you know a check is

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retirement goals road map

Retirement Road Map

Take the first step to protect yourself. The pandemic has created a lot of unexpected events, has impacted the markets, and has caused each of us to adapt to the changes. Now is a good time to review how your needs may have changed and what you’ll need to adjust in the future. To get started, ask yourself if your retirement goals remain the same or if they’ve changed. Then outline where you are today. Depending on your life stages and retirement goals, you may need to account for additional risks you didn’t need to factor in before. Call us

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Financial Independence, Retire Early

Do you know what FIRE is? FIRE, in financial terms, stands for “Financial Independence, Retire Early.” The goal of FIRE is to save or invest enough of your money that you can retire earlier than traditional retirement plans would permit. Essentially, you need to keep your expenses low so that you can afford to save over 50% of your income. While going to this extreme isn’t something all of us can commit to, applying some of the principles of FIRE could provide an income you can’t outlive. Additionally, it can do so within a relatively short time frame. Reach out

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Financial literacy

Financial Literacy

Many consumers have little understanding of the long-term problems that poor financial decisions can create. One of the key reasons that many Americans struggle with making the right decisions when saving and investing is a lack of financial understanding.  Financial literacy is becoming increasingly important as more and more people manage their own retirement accounts, trade personal assets online, or carry various types of debt such as student loans, medical bills, and credit card debt. Credit cards are being used much more frequently, after all. A recent article states that “In 2019, credit use accounted for 24% of payments, up

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